Prime Minister Narendra Modi on Thursday launched three mega flagship schemes aimed at transforming urban India, including the much talked about Smart Cities proposal, with a whopping Rs 4 lakh crore kitty having been lined up for the projects.

Modi also unveiled logo of the housing mission, which has his personal touch in the finalisation of its design.

Speaking at the event, Modi said, "The decision to make cities smart will be taken not by governments but by the people of the city, the local administration. Let there be competition between cities in development so that smart cities come up."

"Private property developers should not decide how a city should grow; it should be decided by residents and city leadership," said Modi

He further added, "Many people are wondering about what exactly Smart City is. But one does not need to think a lot. Smart city is a city that provides more than what a citizen expects. Before he wants it, we provide it."

Stating that this is the first time in India we are planning to develop 60 cities simultaneously, Modi aadded, "This is not just a paper based programme. Stake holders of all kinds have been consulted, including financial world. This Government is committed to safeguarding the rights of the consumers at all times."

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New Delhi : Prime Minister Narendra Modi will address elected heads of 500 civic bodies from across the country here on June 25, when he will launch the three flagship schemes for urban revamp, including smart cities and housing for all.

MUMBAI: The Maharashtra government will soon appoint a regulatory body to safeguard interests of home buyers after the Centre gave a go ahead to the state to frame rules to implement the Housing Regulatory Bill passed by the legislature and approved by the President.

New Delhi: The union cabinet on Wednesday approved the launch of 'Housing for All by 2022' programme, aimed at rehabilitation of slum dwellers and promotion of affordable housing for the economically weaker sections (EWS) through credit-linked subsidy.

The proposed amendment to the Land Acquisition Act is crucial for creating two crore affordable houses in urban areas by 2022 under the government’s new ‘Housing for All’ mission, Union Minister for Housing & Urban Poverty Alleviation M Venkaiah Naidu said.

NDA government’s proposed ‘Housing For All’ mission will pave way for private developers to leverage public land in order to redevelop slums in-situ. The proposed policy of using land as a resource will signal a major shift from the UPA government’s state-funded slum rehabilitation scheme Rajiv Awas Yojana.